Key rate of 21% necessary for reaching 4% inflation target — Russian Central Bank chief
The regulator projects annual inflation in Russia at 7-8% in 2025.
The level of the present key rate of 21% is necessary for inflation to slow down and reach the 4% target, Russian Central Bank Governor Elvira Nabiullina said.
"The present level of the key rate is the one necessary to make sure that inflation stops accelerating and starts slowing down to the 4% target," she said.
The regulator projects annual inflation in Russia at 7-8% in 2025, and at 4% in 2026, while in coming months inflation pressure is expected to start gradually subsiding.
The Bank of Russia predictably kept the key rate at 21% at its first meeting this year on February 14. It will also consider the reasonability of raising it at the next meeting scheduled for March 21.
Source
The level of the present key rate of 21% is necessary for inflation to slow down and reach the 4% target, Russian Central Bank Governor Elvira Nabiullina said.
"The present level of the key rate is the one necessary to make sure that inflation stops accelerating and starts slowing down to the 4% target," she said.
The regulator projects annual inflation in Russia at 7-8% in 2025, and at 4% in 2026, while in coming months inflation pressure is expected to start gradually subsiding.
The Bank of Russia predictably kept the key rate at 21% at its first meeting this year on February 14. It will also consider the reasonability of raising it at the next meeting scheduled for March 21.
Source